Jones Lang LaSalle Income Property Trust, Inc. - FORM 8-K - March 3, 2021

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EX-99.1 - EX-99.1 - Jones Lang LaSalle Income Property Trust, Inc.jlliptpressrelease-jllinco.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) March 1, 2021
Jones Lang LaSalle Income Property Trust, Inc.
(Exact name of registrant as specified in its charter)
Maryland000-5194820-1432284
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(IRS employer
Identification No.)
333 West Wacker Drive, Chicago, IL60606
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (312) 897-4000
N/A
(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act: None
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐




Item 3.02. - Unregistered Sales of Equity Securities.

On March 1, 2021, Jones Lang LaSalle Income Property Trust, Inc. received $30,000,000 relating to the sale and issuance of 2,555,366 of its Class D Common Stock (the "Shares") at the NAV per Share of $11.74.

This sale of the Shares is exempt from registration under Section 4(2) of the Securities Act of 1933 (the “Securities Act”) because the purchaser is an accredited investor within the meaning of Regulation D promulgated under the Securities Act.
Item 7.01 - Regulation FD Disclosure

On March 2, 2021, JLL Income Property Trust (the “Company”) issued a press release announcing the acquisition of Southeast Phoenix Distribution Center, a newly constructed, four-building, Class A distribution center totaling 474,000 square feet located in the Chandler submarket of Phoenix, one of the top warehouse markets within the greater Phoenix metroplex. The purchase price was $91 million.

The full text of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

The information in this Current Report is furnished pursuant to Item 7 and shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. This information will not be deemed an admission as to the materiality of any information contained herein that is required to be disclosed solely by Regulation FD.
Item 9.01 - Financial Statements and Exhibits.
(d) Exhibits.
Exhibit NumberDescription
Press release issued by JLL Income Property Trust on March 2, 2021, announcing the acquisition of Southeast Phoenix Distribution Center located in Chandler, Arizona.



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
JONES LANG LASALLE INCOME PROPERTY TRUST, INC.
 
By:/s/ Gregory A. Falk  
 Name: Gregory A. Falk  
 Title: Chief Financial Officer and Treasurer  

Date: March 3, 2021


EXHIBIT INDEX

Exhibit NumberDescription
99.1Press release issued by JLL Income Property Trust on March 2, 2021, announcing the acquisition of Southeast Phoenix Distribution Center located in Chandler, Arizona.


Jones Lang LaSalle Income Property Trust, Inc. Reports